Shareholder Activism

[The following was written by Senior Shareholder Shenanigan Supervisor Peter Q. Ribic] Who wins big when Icahn, Loeb, Peltz and activist cohorts squeeze firms? Two recent studies from Columbia Business School and Moody’s present conflicting answers. According to Columbia professor Wei Jiang, firms confronted by hedge fund activists outperform other stocks by 9% twenty days […]

According to the Washington Post, Morgan Stanley is now an “activist shareholder“. Referring to MS Investment Management’s call for the abolition of the Times’ dual class stock structure, the WaPo writes: The New York Times is the third major media company to be challenged by activist shareholders in the past year. Time Warner Inc. faced […]

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Apr 19, 2006 at 9:20 AM

SAC

Mary Jo White was the top federal prosecutor in New York City during Bill Bratton’s first run as the Big Apple’s top cop, and she learned a few lessons from his “broken windows” theory: Clean a place up a little, and throw the fucking book at the street urchins who are messing things up with […]